Report Update Nov 1, 2024

Malaysia - Household Hand Tools - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Household Hand Tools Market 2024

Household Hand Tools Market Size in Malaysia

The Malaysian household hand tools market skyrocketed to $X in 2021, jumping by 143% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a significant increase. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Household Hand Tools Exports

Exports from Malaysia

In 2021, the amount of household hand tools exported from Malaysia contracted dramatically to X tons, declining by -23.6% against the year before. Over the period under review, exports saw a perceptible descent. The pace of growth was the most pronounced in 2013 with an increase of 359% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, household hand tools exports fell markedly to $X in 2021. In general, exports showed a perceptible descent. The pace of growth was the most pronounced in 2013 when exports increased by 385%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X tons), Colombia (X tons) and Brunei Darussalam (X tons) were the main destinations of household hand tools exports from Malaysia, together comprising 47% of total exports. Indonesia, India, Vietnam, the United States, Kenya, Gabon, Singapore, Solomon Islands, the United Arab Emirates and Guatemala lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +210.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for household hand tools exported from Malaysia were Colombia ($X), India ($X) and the United States ($X), together accounting for 43% of total exports. Brunei Darussalam, Singapore, Solomon Islands, the United Arab Emirates, Bangladesh, Vietnam, Indonesia, Guatemala, Kenya and Gabon lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Bangladesh, with a CAGR of +105.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average household hand tools export price stood at $X per ton in 2021, waning by -4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Solomon Islands (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Household Hand Tools Imports

Imports into Malaysia

Household hand tools imports into Malaysia soared to X tons in 2021, with an increase of 155% against 2020 figures. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 471%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, household hand tools imports surged to $X in 2021. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 678%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of household hand tools to Malaysia, accounting for a 97% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 0.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +37.4%.

In value terms, China ($X) constituted the largest supplier of household hand tools to Malaysia, comprising 91% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +24.0%.

Import Prices by Country

The average household hand tools import price stood at $X per ton in 2021, falling by -15.1% against the previous year. In general, the import price faced a deep downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 36%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household hand tools in the world?

The countries with the highest volumes of household hand tools consumption in 2021 were China, Italy and India, together comprising 47% of global consumption.

What are the largest producers of household hand tools in the world?

The country with the largest volume of household hand tools production was China, accounting for 55% of total volume. Moreover, household hand tools production in China exceeded the figures recorded by the second-largest producer, Italy, fourfold. The third position in this ranking was occupied by India, with a 9.7% share.

What are the leading suppliers of household hand tools to Malaysia?

In value terms, China constituted the largest supplier of household hand tools to Malaysia.

What are the leading importers of household hand tools from Malaysia?

In value terms, India emerged as the key foreign market for household hand tools exports from Malaysia, comprising 58% of total exports. The second position in the ranking was occupied by the United States, with a 23% share of total exports. It was followed by Germany, with a 9.6% share.

What is the average export price for household hand tools in Malaysia?

The average household hand tools export price stood at $6,593 per ton in 2021, surging by 27% against the previous year.

What is the average import price for household hand tools in Malaysia?

The average household hand tools import price stood at $2,218 per ton in 2021, waning by -41.2% against the previous year.

This report provides an in-depth analysis of the household hand tools market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25733065 - Household hand tools

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023